In Japan, the Japan Bank for International Cooperation has signed a loan agreement amounting to up to JPY60 billion, of which JBIC’s portion is JPY36 billion, with Power Finance Corporation Limited (PFC), a government financial institution in India, taking the opportunity of Prime Minister Narendra Modi’s visit to Japan. The loan is based on the credit line that JBIC signed with PFC on January 15, 2025, for renewable energy and next-generation energy supply projects and energy-saving power generation and heat supply projects. The loan is co-financed with Sumitomo Mitsui Banking Corporation, The Joyo Bank, Ltd., Kansai Mirai Bank, Limited, and Kiraboshi Bank, Ltd. JBIC will also provide a guarantee for the portion co-financed by the private financial institutions.
The loan is extended as part of JBIC’s GREEN operations and is intended to provide the Indian company Assam Bio Ethanol Private Limited (ABEPL) through PFC with the funds necessary for a biofuel production and power generation project in the state of Assam, India. In this project, ABEPL will produce biofuel in Golaghat district, Assam, using bamboo cultivated in the Northeastern states of India and sell bioethanol, its main product, for use in gasoline blends.
Tags: Assam Bio Ethanol, Japan, Japan Bank
Category: Fuels
